MEG Energy Corp

MEG-T

Analysis and Opinions about MEG-T

Signal
Opinion
Expert
COMMENT
COMMENT
November 16, 2018
He sees the deal going through in January. He thinks Husky still needs to increase their bid slightly. Currently MEG is trading at a 4% discount to the bid. It is better risk reward to buy their corporate bonds vs stock, and therefore some have been shorting the stock.
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MEG Energy Corp (MEG-T)
November 16, 2018
He sees the deal going through in January. He thinks Husky still needs to increase their bid slightly. Currently MEG is trading at a 4% discount to the bid. It is better risk reward to buy their corporate bonds vs stock, and therefore some have been shorting the stock.
HOLD
HOLD
October 15, 2018

It is the subject of a hostile takeover challenge. He thinks you should get the opinion of more under-the-hood kinds of guys. The market is trading above the takeover bid which indicates there is a possible higher bid.

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MEG Energy Corp (MEG-T)
October 15, 2018

It is the subject of a hostile takeover challenge. He thinks you should get the opinion of more under-the-hood kinds of guys. The market is trading above the takeover bid which indicates there is a possible higher bid.

WAIT
WAIT
October 10, 2018

Trading slightly above the take-out price (Husky is doing a hostile takeover). Maybe Cenovus will step in. It's difficult to
buy the oil sands given the deep WCS discount. Wait.

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MEG Energy Corp (MEG-T)
October 10, 2018

Trading slightly above the take-out price (Husky is doing a hostile takeover). Maybe Cenovus will step in. It's difficult to
buy the oil sands given the deep WCS discount. Wait.

HOLD
HOLD
October 1, 2018

There is a hostile takeover attempt in play. He understands that this thing could trade a lot higher and there may be competing bids coming in. The market senses there are potentially other players that could come in. There is not much that technical analysis can do when M&A comes into play.

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MEG Energy Corp (MEG-T)
October 1, 2018

There is a hostile takeover attempt in play. He understands that this thing could trade a lot higher and there may be competing bids coming in. The market senses there are potentially other players that could come in. There is not much that technical analysis can do when M&A comes into play.

TOP PICK
TOP PICK
September 14, 2018

About 1/3 of their production is moving to US Gulf Coast markets, with the help of rail. He expects the heavy differential to narrow towards $20. Yield 0%. (Analysts’ price target is $11.33)

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MEG Energy Corp (MEG-T)
September 14, 2018

About 1/3 of their production is moving to US Gulf Coast markets, with the help of rail. He expects the heavy differential to narrow towards $20. Yield 0%. (Analysts’ price target is $11.33)

TOP PICK
TOP PICK
August 17, 2018

He is focused on WTI reaching over $80 next year and believes the market is over extrapolating the current heavy oil differential weakness too far into the future. The stock has sold off by 30% recently and thinks the NAV is $20 at current oil prices. They have large tax loss pools to draw on in the future. Yield 0%. (Analysts’ price target is $11.39)

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MEG Energy Corp (MEG-T)
August 17, 2018

He is focused on WTI reaching over $80 next year and believes the market is over extrapolating the current heavy oil differential weakness too far into the future. The stock has sold off by 30% recently and thinks the NAV is $20 at current oil prices. They have large tax loss pools to draw on in the future. Yield 0%. (Analysts’ price target is $11.39)

DON'T BUY
DON'T BUY
August 8, 2018

A lot of consolidation around $6 over the past two years. The rally in April was solid and there is likely some profit taking going on. He is concerned about a potential drop to $7 very easily with a 6% drop today based on lower oil prices. It looks very tricky right now and it looks risky right now. (Analysts’ price target is $11.39)

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MEG Energy Corp (MEG-T)
August 8, 2018

A lot of consolidation around $6 over the past two years. The rally in April was solid and there is likely some profit taking going on. He is concerned about a potential drop to $7 very easily with a 6% drop today based on lower oil prices. It looks very tricky right now and it looks risky right now. (Analysts’ price target is $11.39)

TOP PICK
TOP PICK
July 20, 2018

He is incredibly bullish on oil. Meg offers the highest leverage in cash flow relative to oil price. They are a 100% pure play heavy oil producer. Meg offers massive leverage. Stock is down 16% this week. Sees over 100% upside if $80 oil. (Analysts’ price target is $11.17)

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He is incredibly bullish on oil. Meg offers the highest leverage in cash flow relative to oil price. They are a 100% pure play heavy oil producer. Meg offers massive leverage. Stock is down 16% this week. Sees over 100% upside if $80 oil. (Analysts’ price target is $11.17)

COMMENT
COMMENT
June 29, 2018

Heavy oil producer, similar to CNQ. Beaten down with lower oil prices, because of their large debt. If you think oil is going higher than $80, then there’s an opportunity there as they work through their debt. No dividend.

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Heavy oil producer, similar to CNQ. Beaten down with lower oil prices, because of their large debt. If you think oil is going higher than $80, then there’s an opportunity there as they work through their debt. No dividend.

TOP PICK
TOP PICK
June 11, 2018

A huge torque to energy prices. He is forecasting $80 oil. This offers the highest leverage to this price. They have fully funded a production ramp in excess of 110 barrels per day. After that they can harvest free cash flow and pay down debt. They have a 50 year reserve body. They could theoretically then pay you a 15% dividend for 50 years. (Analysts’ target: $9.86).

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A huge torque to energy prices. He is forecasting $80 oil. This offers the highest leverage to this price. They have fully funded a production ramp in excess of 110 barrels per day. After that they can harvest free cash flow and pay down debt. They have a 50 year reserve body. They could theoretically then pay you a 15% dividend for 50 years. (Analysts’ target: $9.86).

COMMENT
COMMENT
January 2, 2018

This is not one you need to jump in at this stage. It looks very, very toppy where it currently is. It will probably be a news driven, commodity driven type play. If he owned it, he wouldn't let it break $5.

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MEG Energy Corp (MEG-T)
January 2, 2018

This is not one you need to jump in at this stage. It looks very, very toppy where it currently is. It will probably be a news driven, commodity driven type play. If he owned it, he wouldn't let it break $5.

COMMENT
COMMENT
October 25, 2017

Will these types of companies be viable in a low oil price environment? This one has proved that it is going to weather the storm, so if you are a high-risk investor but want high returns, then he would just temper the amount you are investing into companies like this.

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MEG Energy Corp (MEG-T)
October 25, 2017

Will these types of companies be viable in a low oil price environment? This one has proved that it is going to weather the storm, so if you are a high-risk investor but want high returns, then he would just temper the amount you are investing into companies like this.

DON'T BUY
DON'T BUY
September 15, 2017

If you believe in significantly higher oil prices, this stock will go up several fold. If not, they are kind of stuck in the mud. They have excess financial leverage and got caught off side by the selloff in oil. There is not a lot they can do to get themselves out of this, other than a material increase in the price of oil. There are better opportunities elsewhere.

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MEG Energy Corp (MEG-T)
September 15, 2017

If you believe in significantly higher oil prices, this stock will go up several fold. If not, they are kind of stuck in the mud. They have excess financial leverage and got caught off side by the selloff in oil. There is not a lot they can do to get themselves out of this, other than a material increase in the price of oil. There are better opportunities elsewhere.

DON'T BUY
DON'T BUY
June 20, 2017

Like all the big Canadian oil companies that are involved in heavy oil, this is not a Buy. Heavy oil is the most expensive oil on earth to produce. With shale oil coming out at $50-$60 a barrel, it will be a long time before the economies are there for the big oil sand producers to make money. Companies like this are impaired against Canadian Natural Resources (CNQ-T) and Suncor (SU-T) which have huge economies of scale.

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Like all the big Canadian oil companies that are involved in heavy oil, this is not a Buy. Heavy oil is the most expensive oil on earth to produce. With shale oil coming out at $50-$60 a barrel, it will be a long time before the economies are there for the big oil sand producers to make money. Companies like this are impaired against Canadian Natural Resources (CNQ-T) and Suncor (SU-T) which have huge economies of scale.

DON'T BUY
DON'T BUY
May 23, 2017

He would rather go to a casino than put money into this company. This is like your super-duper high beta bet on oil. They just have far too much debt.

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He would rather go to a casino than put money into this company. This is like your super-duper high beta bet on oil. They just have far too much debt.

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